This has been a volatile year for global markets, with already slowing economic growth compounded by the destructive impact of the coronavirus pandemic.
Category: Ferrous Metals
Stainless steel demand holds back the nickel price
The nickel price has not recovered as quickly as other base metals have.
Steel capacity utilization continues recent gains, moves to 58.9%
The U.S. steel sector has slowly but surely been showing some signs of recovery.
This Morning in Metals: Gold price rises to all-time high
This morning in metals news: the gold price has surged to an all-time high; China is eyeing changes to its steep capacity swap rules; and Northern Dynasty Minerals has received an environmental impact study for its Pebble copper-gold-molybdenum project in Alaska.
This Morning in Metals: June steel imports drop to 1.3M metric tons
This morning in metals news: U.S. steel imports fell in June; Freeport-McMoRan reported its Q2 and first-half results; and Norsk Hydro’s underlying EBIT for the second quarter gained compared with Q2 2019.
Week in Review: Housing starts rise; oil price recovers; shipping lines face challenges
Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines on MetalMiner:
World Steel Association: global steel production falls 7% in June
Global crude steel production in June fell by an estimated 7% on a year-over-year basis.
This Morning in Metals: U.S. Steel to restart Gary Works blast furnace
This morning in metals news: U.S. Steel plans to restart another blast furnace at its Gary Works; imports of blooms, billets and slabs from Japan have seen a significant jump this year; and silver prices have surged to a seven-year high.
Indian sponge iron manufacturers ask government to restrict iron ore pellet exports
Indian sponge iron manufacturers are looking to the government to limit exports of iron ore pellets.
U.S. steel sector’s capacity utilization rate continues to inch upward
The U.S. steel sector’s capacity utilization rate inched upward yet again last week.
